King of Capital

"I told you not to go to Hainan this time."

Yu Nian sat at his desk, reviewing documents while casually making sarcastic remarks: "With your current status as Marshal Xie, do you really think no one would be so shameless as to say to you that saving the company means saving hundreds of thousands of employees?"

"I am not a Bodhisattva. It is better to save myself than to save others."

In the reception area by the window next to the office, Xie Jingxing was lying flat on the sofa, staring at the ceiling with his face tilted upwards, looking dazed.

Yu Nian looked up at him, but couldn't figure out what was going on. He shook his head and continued to work on his task.

The current chairman of HNA rashly went to ask for help from Marshal Xie but was rejected. He turned to Beijing for help without hesitation. He just said in one sentence: Without external help, we will die instantly.

How could a private capital group that controls and holds shares in more than 30 listed companies and has total assets of one trillion yuan, which has always claimed to be strong as usual since it encountered a cash flow crisis last year, suddenly reach the point of collapse?

However, the facts are there. China Aviation Oil filed a complaint with its superiors, saying that HNA Group owed it 40 billion yuan in payment for goods.

After going to the door to collect the debt several times but not getting a penny, the leader of the team left in anger. After walking two traffic lights away and calming down, he had no choice but to return and negotiate with HNA again.

After so many years of cooperation, the business must continue. If there is a fallout and HNA flights are suspended, HNA will inevitably bear some of the blame for damaging civil aviation transportation.

After all, state-owned enterprises’ profits must give way to social interests.

China Aviation Oil's tears were so bitter that the leaders far away in Beijing felt uncomfortable and quickly sent people to HNA to find out the details.

After checking, it turned out to be a coincidence that state-owned enterprises owe money to their employees and there are already signs of delayed salary payments on a small scale!

The investigation report was sent back to Beijing, but the relevant departments of commerce and finance did not respond, so the civil aviation department went crazy first. Whenever a serious public safety incident occurs due to the withholding of wages for crew members, no one can escape even if the gods cannot save them.

As a leading civil aviation company for decades, HNA must be aware of the seriousness of the problem. On the contrary, it can be proved that the entire group is indeed in a desperate situation and cannot afford to pay any money even if it dies.

The central bank took the lead in convening an emergency meeting of all banks in the financial sector. HNA’s loans that could be extended were extended, and those that could not be extended were provided with new loans to repay the old ones.

On the business side, multiple departments negotiated and required all state-owned enterprises that have cooperated with HNA to do their utmost to ensure the safety of civil aviation transportation; on the administrative side, they directly notified the Hainan local government that they should come forward to guide HNA Group through difficulties at the critical moment.

This operation can be summed up in the four-character idiom "the end of the road". Onlookers are afraid to avoid it. Xie Jingxing has been like this for the past six months, but now his attitude has subtly changed.

"What do you value about HNA?"

After dealing with the documents at hand, Yu Nian asked directly about the doubts in his mind.

Xie Jingxing put his hands behind his head and avoided answering: "It seems that the local people in Hainan don't want to manage HNA."

"HNA has been obsessed with capital mergers and acquisitions in recent years, and its corporate scale has soared to the top of the Fortune Global 500 rankings, but how many taxes and jobs has it provided to the local area? Now that it is asking for help when problems arise, I wouldn't clean up its mess if I were it." Yu Nian sneered.

Xie Jingxing nodded slightly. Last year, Hainan State-owned Assets sent people to the headquarters of Jingxing Group in Shanghai to make investment promotions, hoping to acquire shares to provide capital transfusion for HNA.

At that time, he went to an island for vacation and hid away. Liu Qiming dealt with the matter and there was no further follow-up, so he was able to go to Hainan to attend the Boao Forum last month.

Hainan State-owned Assets did not show up at all, and at the last moment, the chairman of HNA broke into the hotel room alone to ask for help. The logic is very clear: the locals would help if they could, but they were absolutely unwilling to spend a lot of effort to defuse the bomb.

So who should ultimately solve the problem?

It is impossible for the relevant departments to directly assign state-owned enterprises to enter the market. If they dare to pay for one HNA today, ten HNAs will come asking for help tomorrow. By then, no one will be able to withstand the old criticism of state-owned enterprises advancing and private enterprises retreating.

"Regulators have already taken steps to control risks, and HNA should not have developed to this point. Unless it is completely rotten, the real situation is worse than what the investigation report shows." Yu Nian sighed in a nonchalant tone.

Xie Jingxing suddenly turned over and sat up, his eyes cast towards the two landline phones on the desk, one of which looked particularly bright red against the setting sun outside the window.

Last year, Yu Nian went to Fudan University for further studies. This year, he was transferred to a horizontal position and became the chairman of Donghua Asset Management Company, a financial enterprise with a long history.

The core business is to take over non-performing state-owned assets and restructure operations through financial capital operations.

"The times."

"what?"

"Heroes are made by the times." Xie Jingxing was stingy with his words.

Yu Nian was just about to give the man a lecture for playing tricks on her when there was a knock on the office door. She restrained herself and called out, "Come in."

The secretary was holding a pile of folders in his hands and looked embarrassed. Xie Jingxing understood the situation and took the initiative to say goodbye. Before leaving, he did not forget to sincerely thank the leader for taking the time to meet him.

Yu Nian's heart trembled, and sure enough, a few minutes later, a WeChat message silently popped up on the phone screen.

"I'm going home to get some documents. The afternoon meeting will be scheduled as usual."

She picked up her bag and left with an expressionless face. The secretary looked at the sunken shape of the sofa and felt that his own future seemed to be sunken.

In the underground parking lot, in a dead-spot parking space against the walls on both sides, an extended Maybach has its rear window lowered slightly, and a thin ladies' cigarette is sticking out of the window to shake off the ashes.

"Chairman Yu, you did a good job today. Keep up the good work. I will check it when I return from my business trip and give you a reward."

Xie Jingxing pushed the door and got out of the car, watching his car slowly drive away, then walked away alone, feeling refreshed.

Looking back at the commercial office building standing behind him, he raised his eyebrows proudly. It would probably be more interesting if it was an office building.

The times, this requires waiting for the times.

Continue to be patient, Xie Jingxing silently encouraged himself in his heart.

At the end of April, HNA Group sent out a distress signal, and regulators responded immediately, reacting much faster than usual. However, the situation was not stabilized as Yu Nian and insiders had judged.

Before the third round of inspections by the inspection team, the president of an insurance company related to HNA's business committed suicide. Just a few days later, another major shareholder of an insurance company who was closely involved in HNA's business was involved in a crime.

Just like the death of Su He's father, it was not directed at him personally, but was the result of the current situation.

No one wants to see HNA collapse, but no one can ignore a series of related cases in order to save it.

In May, Xie Jingxing went on a business trip to the United States. At the same time, HNA began to follow Wanda's example and cut off its arms to survive, selling its overseas assets, office buildings, and aircraft at the right price.

The secondary market responded, with its bonds falling across the board and the risk of default soaring.

…………

[HNA Chairman was visiting a small town in Italy yesterday when he accidentally fell off a cliff and died.]

In mid-July, Xie Jingxing received the latest developments while on his way from New York to Singapore.

"Is something wrong?"

The cabin bedroom was quiet and silent. Zhou Fenglan was woken up and murmured to express his concern.

Xie Jing Xing turned off the light on his phone, kissed her face and said vaguely, "No, I can't sleep, I want to have a drink."

"I'll accompany you." Zhou Fenglan sat up yawning.

In May, Didi successfully went public in the United States with an issue price of US$12 and a total market value of US$563 billion.

The company successfully fulfilled its bet with its second largest shareholder, Grapefruit Capital, on the listing deadline. Xie Jingxing personally went on a business trip to the United States, striving for the shortest lock-up period while extensively asking for prices on Wall Street in an attempt to sell his holdings.

Being in such a hurry to clear out his positions and exit has completely exhausted the friendship between him and Liu and Cheng. At least they should part ways amicably instead of showing a pessimistic attitude towards Didi's future development.

However, the facts proved that even though Xie Jingxing was almost dying of anxiety, he still couldn't run fast enough!
In June, just half a month after Didi went public, a vicious incident occurred, again involving the personal safety of a female passenger. The stock price opened low overnight and plummeted 12%.

Liu Qing shed tears at the press conference and her eyes were swollen like peaches. She blamed herself for her mistakes and admitted them. She actively invited relevant regulatory authorities to give guidance and suggestions, and vowed to resolutely rectify the problems and reflect deeply.

Xie Jingxing could feel her sincerity through the news photos. The market value of 60 billion US dollars evaporated overnight, which was too heartfelt and full of sadness...

Everyone felt sympathetic and comforted each other, saying that it was a blessing in disguise as at least this happened after the IPO.

At this moment, one wave of turmoil has not yet subsided when another wave of turmoil arises, and the use of Twitter to govern the country has been discovered.

Late at night, he forwarded and commented on a post titled "The largest instant messaging software is controlled by a foreign company", claiming that he would take back WhatsApp and shut it down if it was rejected.

Chinese stocks collectively plunged in panic, and Didi’s stock price suffered another heavy blow.

Seeing that it was difficult to realize the profit, Xie Jingxing had no choice but to stay in New York and deal with Zhou Fenglan's 7% stake in WhatsApp.

It happened to be the summer vacation during college, and Teacher Zhou happily picked up her son and flew to the United States to reunite with her husband.

Tencent naturally does not want to give in and cut losses, and is now pushing the issue to the limit. Anyway, judging from the way the other parties are pulling each other's legs and causing trouble, they will have to keep fighting before Microsoft, Apple, and Amazon reach an agreement.

It was difficult to reach a conclusion for the time being, so Xie Jingxing brought his family to Singapore to attend the SEA listing bell ringing ceremony.

This Internet unicorn, known as the "Little Tencent" of Southeast Asia, has three shareholders on its list: Grapefruit Capital, Taihe Capital, and Vision Fund.

In addition, Grab adopted rogue tactics, launching commercial competition lawsuits against Vietnam's local taxi-hailing software, and followed Didi's example by taking over Uber's Southeast Asian business.

“It’s harvest time.”

Xie Jingxing sat by the window and poured himself a glass of whiskey with ice.

Zhou Fenglan was wearing a nightgown and lazily shook the red wine glass: "Will it be affected?"

"It's inevitable, but we have enough room to withstand the pressure... I have reminded Liu Qing a long time ago." Xie Jingxing was still worried.

Zhou Fenglan thought for a moment and asked, "Drive Southeast Asia Forward?"

"Yes, spur Southeast Asia."

Xie Jing Xing recovered his spirits in an instant and complained: "Last year, Cheng Sen went to Myanmar to play and offended the locals. Fortunately, Yunshan has an office there and pulled him out."

"Afterwards, he reported to me that Yunshan had stationed a company of troops there, and the office was built according to the standards of a regiment headquarters, and they could sweep away the surrounding warlords in a minute."

"I went to Lao Xie to verify it, and Lao Xie told me that it was a security team. Their heavy firepower weapon was a mortar from World War II that was welded in the yard and could not be moved. It could only be used for self-defense."

Xie Jingxing's story was absurd, and Zhou Fenglan listened carefully and attentively, occasionally asking about trivial details.

Only the couple knew about the Vision Fund, and its financial investment tentacles quietly spread across Southeast Asia. Yunshan Group is a family business inheritance, following the macro-strategy of grain transportation and business in the Northeast Asian economic circle.

When you add the two together, there is no difference between a mortar from World War II or the latest individual missile.

No matter how much pressure the old man in the United States puts on her, Zhou Fenglan feels that her business interests in Southeast Asia are stable, which is enough to satisfy her. Didi's domestic business interests do not belong to her and her son, and Yu Tong should worry about them.

As for North America and Europe, it would be best if you can survive the right turn cycle, but if you can’t, there’s nothing to worry about…

Zhou Fenglan stayed with Xie Jingxing during this period, and realized later that her husband had foreseen it and she couldn't force more.

"Okay, drink something so you can sleep better. I want to talk to Cheng Sen alone tomorrow." She finished the wine in the glass and reminded him happily.

After drinking two glasses of wine, Xie Jingxing laughed foolishly. Without even raising his head, he tapped the screen of his mobile phone quickly with his fingertips and responded, "Yeah, you go to bed first."

"Who are you chatting with so happily?"

Zhou Fenglan leaned over the small table to check, and said with interest and surprise: "Oh, it turns out that my husband is in love."

"..."

"You're actually dating two people at the same time. Who do you like more? Open your Moments and let me check out their looks."

"..."

Xie Jingxing retreated in silence. At this time, the benefits of Zhou Fenglan's extravagant lifestyle were reflected. Her Airbus A350, the same model as Aunt Mo's, was a wide-body passenger plane.

It's large enough to have two bedrooms, and we'll be staying separately tonight.

He tiptoed into the bedroom and got on the bed in the dark. He covered Yuan Jin's lips with his hands and then leaned over to announce in her ear: You have been held hostage by hijackers!

…………

"Dad, are they all your friends?"

In September, three-year-old Xie Yun was sent to kindergarten by her mother. Her younger brother, who was born just a month later than her, stayed in his old father's arms, blinking his innocent big eyes and talking nonsense.

Xie Jing Xing laughed dumbly: "They are not Dad's friends."

"Then why do you let them come to our house to play?"

"Son, they are customers here."

The kind smile on Xie Jingxing's lips froze, he put his son down from his arms, and explained to him seriously: "Son, there are not only private golf courses, but also public ones. Everyone can come and play."

"Hmm...then why don't they have their own court?"

Little Zhou Yunyuan was completely puzzled. Xie Jingxing turned around angrily and glared at Zhou Fenglan fiercely, wondering how could he live such a luxurious life.

"Son, come here and let mommy hold you."

Zhou Fenglan pushed up his sunglasses to hide his embarrassment, and thought to himself that his three-year-old son was in such a hurry. Was he going to be like Concubine Pei's son, who was taken by his grandmother to climb mountains, swim in the water and play survival games in the wild all day long?

Yuan Jin was standing by and watching the couple quarreling. She was at a loss for a moment and was about to speak to ease the atmosphere when her cell phone rang.

"Xiaotian's husband got into trouble, I have to go to the United States." Xie Jingxing hung up the phone and explained briefly.

Zhou Fenglan frowned slightly: "What's wrong?"

"No big deal."

Xie Jingxing couldn't tell what he was feeling, Zhou Fenglan reminded him faintly: "Over at HNA in China..."

"It won't delay us. Let's go to America first!" He interrupted with a wave of his hand. (End of this chapter)